China plans to transfer the country from coal to natural gas

In China, previously, at the state level, announced plans to transfer the country’s economy from coal to clean natural gas. To implement this plan, the Chinese leadership took an active part in the implementation of the Russian gas project “The Power of Siberia”, which is designed to meet the growing needs of China’s industry in energy resources.

China plans natural gas

However, according to media reports, the Chinese economy has already begun to experience a serious “gas famine”, which can be observed for a number of indirect signs. One of the last alarming calls was a message that the Chinese CNOOC went to extreme measures and leased 100 LNG carriers to deliver liquefied gas from the south of the country to the north.

In this situation, it is noteworthy that the cost of transporting LNG by road transport costs the Chinese quite expensive. However, they have no other way out for supplying the northern regions of the country, since the only CNOOC gas terminal near the capital is already operating at the capacity limit.

At the same time, it can be noted that in anticipation of the Russian “Force of Siberia”, the Chinese are not idle and have already begun to take unprecedented steps to significantly accelerate the preparation of the country’s GTS for the speedy reception of Russian gas. In conclusion, it is worth recalling that the Chinese, in the absence of the Russian gas pipeline, are now forced to seriously increase the volumes of LNG purchases, which are already approaching their record values of 3.7 million tons.